Bull flag / high right flag on Weekly chart pattern on $GFI. With further up trend in Gold price this could potentially give a 4:1 RR about 30% return as shown in the chart.
Crypto setup Solana is giving an impressive bullish pennant with decreasing volume. Breakout could lead to quick gains - watch out. I have an existing position in VIP real money portfolio. Might look to add further.
Bullish pattern -breakout of descending wedge on $Z
$PLTR provides a nice example of how AVWAPs (white line) can be used to identify support and resistance level. In addition the price has also recently broke out of $27.5 resistance level (green line) I expect further upside.
Salesforce : $CRM - breaking out of its year long base. 25% deep base. If broader market helps further upside likely.
Silver is in a huge triangle formation for the last 11months. ? Bull flag. Awaiting a break from this pattern. Will it be up or down? I expect it to breakout to the upside. Let us see. Wait for confirmation.
Positive Divergence with MACD & support at 0.618 Fib level Gap down yesterday and high volume, Lots of negativity surrounding Govt. interference with big tech companies in their home country. This stock is not in favor currently - great time to start positioning for contrarian investing. Good company and solid growth and fundamentals.
I have entered long on $VSTO due to the fundamental and technical analysis as shown in the chart. Stop loss has been trailed since. Price is moving as expected and is setting up a mini 4 day consolidation. I expect it to break to the upside and hit the profit target if the wider market supports it.
Gold has recently move above the resistance zone as published in a recent post. Silver is following suit and testing the resistance zone. The next few weeks will show if this materializes or not. I am inclining towards long position - but would like to see the confirmation by a clear breakout.
Gold is trying to recover. Still in the downward channel, now at a key resistance area as shown in the chart. Also has 50EMA confluence there. Watch out for the action around this key zone. Can determine the direction based on breakout or breakdown at this key zone.
Bitcoin just broke out of the falling wedge from previous high - potential next uptrend to resume. Look out for the previous resistant levels
Gold had a false breakout before but currently at previous support zone. I’m bullish long term but watching if it gets support at this zone and pushes up or not.
I was hopeful to see a breakout of the downward trend line on daily chart but only for it to reverse within couple of days back below the line. A fake breakout / failed breakout. Will wait to see what happens over the coming days.
Lesson on Reward : Risk calculation and how to compound to grow your account size. Risking $1 to make $10+ is the best trade one could ever ask.
Gold setting up nicely to resume new uptrend and new highs soon
Gold has resumed its up move after a period of consolidation. It also seem to be nicely supported off its 50EMA.
Weekly chart of gold shows 50EMA acting as support. See description on the chart for other information and for more training event.
Massive confluence of indicators which gave the strong buy signal followed by explosive move. See indicator signals on the chart. My Watchlist is performing really well.